Fast Offshore shares Anjouan iGaming license Q&A

In this Q&A article, iGaming industry consultant Ron Mendelson, Fast Offshore, explores the benefits of obtaining an Anjouan iGaming license, its application process, common misconceptions, and frequently asked questions on the matter.

The Anjouan iGaming license has emerged as one of the most popular choices for online gaming operators seeking a cost-effective, efficient, and credible regulatory framework. Anjouan has modernised its licensing process since 2005, streamlining it and attracting startups and established businesses. This Q&A article explores why you might want an Anjouan iGaming license, its benefits, the application process, common misconceptions, FAQS, post-licensing obligations, and the value of using a corporate service provider such as Fast Offshore.

Why choose an Anjouan iGaming license?

Q: What makes the Anjouan iGaming license appealing for gaming operators?

A: The Anjouan iGaming license stands out for its affordability, speed, and flexibility. As the lowest-cost license on the market, it’s significantly cheaper than licenses from jurisdictions like Malta or the Isle of Man, making it ideal for startups and small businesses. The application process is streamlined, often completed in just a few days, allowing operators to enter the market quickly. Additionally, Anjouan offers a single license covering all gaming activities—casino, sports betting, poker, bingo, and more—eliminating the need for multiple permits. Its zero-tax policy on gross gaming revenue (GGR) and no corporate tax further enhances its appeal as operators can maximise profits and focus on investment, not paying bills.

Benefits of the Anjouan iGaming license

Q: What are the key benefits of obtaining this license?

A: The benefits are numerous:

• Cost-Effectiveness: Low setup fees and minimal annual maintenance costs make it budget-friendly.

• Tax Advantages: Zero gaming tax, no VAT, and 0% corporate tax allow operators to reinvest profits into growth.

• Global Reach: The license is recognised worldwide, enabling access to various international markets.

• One-Size-Fits-All: Covers all iGaming activities, including blockchain-based and provably fair games, under one license.

• Fast Processing: Licenses are issued in as little as a few days compared to 6-18 months in other jurisdictions.

• Credibility: Recognised by banks, payment providers, and B2B gaming companies, facilitating partnerships and financial transactions.

• Flexibility: Supports both B2C and B2B operations with minimal regulatory bureaucracy.

The application process

Q: How do you apply for an Anjouan iGaming license?

A: The process is straightforward but requires attention to detail:

1. Company Formation: Incorporate a corporate entity in Anjouan, including a registered office address.

2. Document Preparation: Submit a detailed business plan, proof of domain ownership, software agreements, and certified Random Number Generator (RNG) certificates. Provide policies for AML, KYC, responsible gaming, and underage gaming.

3. Due Diligence: Key personnel (directors, shareholders) must provide passports, utility bills, police clearance certificates, resumes, and professional references (e.g., from a lawyer or accountant with a 2+ year relationship).

4. Application Submission: Complete the application form and pay the licensing fee. The Anjouan Gaming Authority reviews the submission and conducts background checks.

5. Approval: If compliant, the license is issued within a few days if everything is in order.

Common misconceptions

Q: What are some misconceptions about the Anjouan iGaming license?

A: Several myths persist:

• Misconception: It’s not reputable. Anjouan’s license is legitimate, backed by the Anjouan Betting and Gaming Act 2005. Financial institutions recognise it and adhere to international AML and fair gaming standards.

• Misconception: It’s too new. Anjouan has issued licenses since 2005, and recent modernisation has boosted its popularity.

• Misconception: It’s only for small operators. While Anjouan is ideal for startups, established operators also choose it for its cost savings and flexibility.

• Misconception: It’s unregulated. The Anjouan Gaming Authority enforces strict AML, KYC, and player protection regulations that align with international best practices.

Post-licensing obligations

Q: What happens after obtaining the license?

A: Once licensed, operators must:

• Maintain Compliance: Adhere to the betting and gaming rules related to policies, player protection, and fair gaming standards.

• Submit Reports: File the required financial and operational reports with the Anjouan Gaming Board.

• Pay Renewal Fees: Pay any annual company and license renewal fees.

• Monitor Regulations: Stay updated on changes to Anjouan’s gaming laws to avoid penalties.

• Handle Complaints: Address player complaints through the Gaming Board’s mediation process—failure to comply risks license suspension or revocation.

Why use a corporate service provider?

Q: Why should I apply through a corporate service provider?

A: Partnering with a corporate service provider (CSP) like Fast Offshore simplifies the process and ensures compliance:

• Expert Guidance: Fast Offshore navigates Anjouan’s regulatory framework, reducing errors in paperwork or due diligence.

• Time Savings: Experienced providers expedite the process, often securing licenses in just days.

• Comprehensive Support: We handle company formation, document preparation, and ongoing compliance, freeing you to focus on business growth.

• Risk Mitigation: We ensure your application meets all requirements, minimising rejection risks.

• Additional Services: Many offer banking introductions, payment processor setups, and website compliance reviews, providing valuable expertise beyond licensing.

Conclusion

The Anjouan iGaming license is a strategic choice for operators seeking affordability, speed, and global reach. Its zero-tax policy, single-license model, and streamlined process make it ideal for startups and established businesses. By partnering with a corporate service provider like Fast Offshore, you can easily navigate the application process, ensuring compliance and maximising efficiency. As Anjouan’s reputation grows, it’s poised to remain a top licensing hub in the iGaming industry. Contact us today to find out more!